The Thirteenth Amendment

question 66

Multiple Choice

The Thirteenth Amendment:

• A) overturned the Dred Scott decision and prohibits slavery.
• B) outlines the structure of the federal judiciary.
• C) established the way that representatives are apportioned and the qualifications of representatives.
• D) prohibited the sale and purchase of intoxicating liquors.

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Definitions:

Financial Statement

A structured report on the fiscal operations and condition of an organization, individual, or any other body.

Permanent/Temporary

Describes accounts that are either not closed at the end of the accounting period (permanent) or are closed and reset (temporary).

Normal Balance

The side (debit or credit) of an account that is increased. For assets and expenses, it is the debit side; for liabilities, equity, and revenues, it is the credit side.

Financial Statement

A financial statement is a formal record of the financial activities and position of a business, person, or other entity, detailing earnings, expenditures, assets, liabilities, and equity at a specific point in time.